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Mis-selling trap – Why ULIPs are not for senior citizens
Haldar’s investment was hit during the 2020 market crash and he lost a big part of his savings. Plu…
Sebi working on AI tool to curb misselling by mutual funds: Buch
Markets regulator Sebi is building an artificial intelligence tool to help detect misselling by mut…
PTI
ULIPs are not for senior citizens: Here’s how to choose the right investments to secure the golden years of your life
Investments for senior citizens should prioritize capital protection, regular income, liquidity, an…
Six red flags for investors to avoid becoming a victim of misselling by agents or financial advisors
Investment in financial products like mutual funds or some insurance schemes have become extremely …
Bhakti Makwana
Indian insurance companies get a warning from the regulator
The insurance regulator issued a circular laying out guidelines for dos and don'ts for insurance co…
PTI
Misselling: Why You Need To Beware Of It
In simple terms Misselling means that you were given unsuitable advice, the risks were not explaine…
RBS is paying $1.1 billion to settle 'toxic' mortgage mis-selling claims in the US
The Royal Bank of Scotland Group plc (RBS Group) has reached a final settlement with the National C…
Oscar Williams-Grut
REPORT: RBS investors will be pleased if it's only fined $10 billion for mortgage-backed security misselling
Deutsche Bank's stock price was sent into freefall last year over concerns about its settlement wit…
Oscar Williams-Grut
Barclays defies profit expectations despite forking out a £600 million bill for misselling PPI
"The growing momentum in attaining our strategic goals means we can feel optimistic of our prospect…
Lianna Brinded
PPI claims companies have creamed up to £5 billion off mis-selling payouts
Britain's financial regulator notes that more than 95% of all repayments on PPI have been made by j…
Oscar Williams-Grut
Banks have paid four times the cost of the London 2012 Olympics for PPI mis-selling
Barclays new CEO Jes Staley admitted as much in a memo sent to staff last month that was obtained b…
Oscar Williams-Grut
India's digital economy poised to constitute 1/5th of GDP by 2026, highlights RBI report
Several enabling forces have come together to energise this revolution. Although internet penetrati…
PTI
RBI to come up with unified regulatory framework on connected lending
The Reserve Bank of India (RBI) said on Friday that it will come up with a unified regulatory frame…
Sebi empanels 34 entities for conducting forensic investigation of mutual funds, AMCs, trustees
India's market regulator, Sebi, has empanelled 34 entities, including Ernst & Young LLP, Deloitte T…
PTI
ULIPs are not for senior citizens — Here’s how to pick the right investments to secure the golden years of your life
In the last few days, Twitter has been awash with tweets about senior citizens being mis-sold ULIPs…
RBI Governor asks fintech players to form self regulatory organisation
Fintech players should form a self regulatory organisation for an orderly growth of the industry th…
PTI
SEBI asks AIFs to provide "direct plan" option to investors; introduces trail model for distribution commission
To bring transparency in expenses and curb mis-selling, markets regulator SEBI has asked alternativ…
PTI
Sebi mulls prohibiting differential rights to AIF investors
AIF is a privately pooled investment vehicle, which collects funds from investors, for investing…
PTI
Sebi proposes new framework for AIFs to strengthen corporate governance rules
These AIFs can borrow for the purpose of meeting shortfall in drawdown while making investment …
PTI
Women distributors rake in the moolah as investors across Bharat say Mutual Funds Sahi Hai
As the equity cult travels deeper into India, many women like Jigna have found their calling as adv…